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. speaker. i appreciate you allowing me this time today. yesterday was tax day. and i've got taxes on my mind, mr. speaker. you know as most folks in this chamber do that h.r. 25, the fair tax, is the most widely co-sponsored, most widely supported fundamental tax reform legislation in the house and in the senate. both the house and the senate. 64 of our colleagues in the house, mr. speaker, have put their name on h.r. 25, the fair tax. eight of our senate colleagues have put their name on h.r. 25, the fair tax. the fair tax is a revolutionary proposal, mr. speaker, in that it takes all of the power of the tax code out of washington, d.c., and returns it to men and women back home. you know we can manipulate the behavior of anyone in america through the tax code. if i want folks to wear more pink ties and fewer blue tie, i'll subsidize pink ties for 250% and tax blue ties for 250% and we'll change behavior overnight. do you remember, mr. speaker, when we had the electric vehicle tax credit back in 2010? it was a $7,500 tax credit. we said we are going to give $7,500 to every american to
why banks are rolling in dough. but first, bill moller joins us with a taxing hangover. what you need to know about next year's taxes is coming up after the break. not only are there new income tax laws that affect those forms you hopefully filed on time this year, there are new estate tax laws that will affect your estate planning. steven peck is an estate planning attorney. who would worry about this? i thought estate planning was just for the super rich. - almost everyone needs to be worried about estate planning, even if you are not over the tax limit - very few people actually are over the tax limit nowadays with the new exemption of $5.25 million. but, other people could be subject to it in the future. - there are aspects of estate planning that do affect a lot of people. for example, gift taxes. - right. the gift tax exemption was raised to the same level as the estate tax: the same $5.25 million. it was supposed to go down to a million, so this is a good opportunity for people to take advantage of this, because with the new budget proposal, there is a good chance they could lo
growth, whether it was through tax cuts and other inners and supply side reforms, would you cut them some slack on that or not? >> we would -- we think there's fairly limited room for significant fiscal stimulus that would place public debt on, you know, steeper gradient in terms of its rise. right from the beginning of the process, we recognized the government can use their balance sheet and fiscal measures to offset the decline in private sector demand. so some measures which allow for an easing of the levels of deficit reduction and the pace of that is perfectly consistent with the current rating that we now have on the uk. but can the uk go on a major fiscal stimulus exercise? we don't really think there's much room for maneuver in terms of them to do that in terms of a ratings perspective. >> what happens if they -- they could go on a big tax cutting program and that got rates going. this is more about growth, isn't it, right now, because growth is a way to generate the revenue to bring down the deficit. >> yeah. but that's evident that if you do tax cuts, that you'll get more revenu
president of the czech republic when we come back. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business >>> welcome back to the program. here is a look at how stock res trading, to the up side. we are seeing increases throughout the trading session. yesterday was a different story. we started out okay and rapidly sold off. germany in particular was weak. eegan jones did dowde country to an a from an a plus. the xetra dax today after shedding better than 2% yesterday, which is a huge move for this index, rebounding by about 0.4%. small gains seen elsewhere, the ftse mib in italy up about 0.6%. keeping an eye on the presidential election process. that is currently under way. here is a look at the bond sp
lines, which are probably not as controversial in america. the year before she can to power, the tax on earned income was 98%. what that basically means if the government was saying that was the moral position. if you are earning that kind of dividend income, you should not have it. it says it is immoral to have this. this is more money than you need, more money than you should have, therefore the state is going to take it and give it to people less well-off off than yourself. that was the moral consensus. so that seemingly innocuous piece of lincoln, perhaps, to american viewers, was incendiary. it was unbelievably radical when she set it back in the 1970's. host: we're talking today about her legacy legacy, the day that she was buried in england, earlier this morning, 4:15 eastern time. we covered it live. you are seeing there a video of her casket coming into the church there. what do you make of this event today, and how the country is reacting? guest: it is worth going out that depending on how old people are in britain when they watch that, it is laced with a lot of memories. t
of these proposals would give to our children more taxes, more spending and neither ever reaches balance. there is only one proposal, the house budget, that would instead give to our children a balanced budget and a brighter future of freedom and opportunity. now is the time to choose the budget that reflects our american values. mr. speaker, the american people and future generations of americans deserve a balanced budget. i thank you and i yield back the balance of my time. the speaker pro tempore: the chair recognizes the gentleman from maryland, mr. hoyer, for five minutes. mr. hoyer: i ask unanimous consent to revise and extend. the speaker pro tempore: without objection. mr. hoyer: i thank the gentleman. preliminary, however to my remarks, i want to say i thank the gentleman for my -- the previous speaker for his remarks and to say i would hope that the senate, having passed a budget, we having passed a budget, the president submitting a budget, that we will now, hopefully as soon as this week, go to conference so that we might discuss the differences and get that budget to which t
new york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com lets you jump backwards and forwards in time to capture the perfect shot. blackberry z10 with time shift. built to keep you moving. see it in action at blackberry.com/z10 >>> welcome back to the program. there you are looking at sarah ferguson. one of the many guests attending the funeral today in london for margaret thatcher. more than 2,000 guests are expected at st. paul's cathedral just up the road from our cnbc stud yeaio here. it's the first time i believe that a lot of people will be seeing the inside of this cathedral since princess diana was married there a couple decades ago. it's certainly one of the biggest and most impo
, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> there was a car jacking that took place, as well, in cambridge involving a mercedes suv. that car was ultimately discovered here in watertown and is pursued by the watertown police department. the pursuit went into a residential neighborhood not far from here where there was an exchange of gunfire between watertown police, nbta police officer and is two suspects in this suv. during the course of that pursuit, several explosive devices were discharged from the car at the police officers. in the exchange of the gunfire, we believe that one of the suspects was struck and ultimately taken into custody. a second suspect was able to flee he from that c
share. powerful communication on the powerful network. verizon. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com how sharp is your business security?o! can it help protect your people and property, while keeping out threats to your operations? it's not working! yes it is. welcome to tyco integrated security. with world-class monitoring centers and thousands of qualified technicians. we've got a personal passion to help your business run safer, smarter, and sharper. we are tyco integrated security. and we are sharper. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. ...and we inspected his brakes for free.
to buy more than 1,000 u.s. dollars worth of gold you have to provide your income tax number. india say major buyer of gold. it is discouraging unaccounted for money moving into gold. i think with regards to commodities, there's a lot of uncertainty about chinese economic growth. if you look at steel production, cement production, it's barely growing in china. residential construction starts last year were down 11%. so i think there's a fundamental issue with commodities. they probably moved lower. there are assets much more interesting than commodities. >> mark, if this is a situation where as you suspect this is someone got in trouble, what happens to prices from here. >> well, if we go back down again and we have a big increase in margin calls again and then money has to be raised in the equity markets to offset losses in gold, then you're going to go down somewhere under you're going to rely on the margin. and cme released yesterday. >> anybody who says that deflation is once again on the table may have nothing to do with that whatsoever. >> i think you're right. i think someone or
sam but the ways in which they do this are very different. if you just apply a flat tax on u.s. imports that's one way to push our trade back into balance that doesn't involve risks of crony capitalism, that doesn't involve risks to the government micromanaging the economy. if you say okay which is going to have a flat tariff of 10% or 20% or 30% whatever it takes to get to a zero trade deficit that doesn't introduce a lot of corruption or a lot of dangers bad policymaking because it's a very simple policy. it's just determined by an arithmetical formula and there's no opportunity for anybody to play games. one of the good things about it if you have a flat tariff, is if you had a 30% tariff on imported goods that's not enough to relocate the production of t-shirts that united states because cost is too great. it's great to relocate things like silicon wafer fabrication so would tend to relocate back to the u.s. high value capital-intensive skill intensive industries which is of course what we want to do. those are the industries that are high-quality -- high-quality into she
paying taxes up front that will fund retirees' and will eventually qualify for benefits. they are the issue. that is a question about social security reform. i think we do need is a security reform. >> i thank you for your work. i appreciate both of you being here today. senator.you very much senator schumer? >> thank you, senator feinstein. i thank you both of you for your great work on agriculture. i also want to see -- i also want to thank chairman leahy for having this hearing. it has been amazing and those of us in our little group cannot support him enough -- cannot thank him enough for supporting our bill. 90% ofi get started, what is in his bill is in our bill. overall it is very positive. >> thank you. i would like to really look that over. >> i will. the bill i to would like to ask that all of us do not jump to conclusions regarding the events in boston. we will try to complete those events with this legislation. we are a safer country when law- enforcement knows who is here, has their fingerprints, photos, conduct background checks, and no wonder these to look
the figures look like. w new york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> welcome back to cnbc. disappointing figures out of germany keep market gains in check with investorers concerned about weaker than expected data in china. a mixed set of numbers in europe with kpm disappointing, but more positive earnings from escona. apple is getting set to report much anticipated results around noon. analysts get set for a shrink for the first time in aek did aid. >> your data alert out of britain, that compare bes a 15.5 billion establishment and $16.7 billion a year ago. as britain's finances come more and more into focus, the question then becomes what these levels will continue to look lik
, but savings should not, for discretionary spending. we need to look at mandatory spending and tax expenditures. i agree completely with your point that it is hurting. i was at so many federal agencies that are compromised in not doing their work. this hits bone. these are critical services that will not be able to be performed. however, it was important not to have a government shutdown. it was important to get past this fiscal year. there was no possibility of removing sequestration in the last rounds of negotiation. there was no chance of removing it in the house and we did not have the 60 ghost in the senate. so -- votes in the senate. we could not do it. he did not have a game plan. it is a failure, that is votes are nothe there. it would have been a greater catastrophe if we hit march 1 without a continuing resolution and government would close down. gone through that before and it causes chaos. last point, we gave agencies additional discretion, which in some cases allow them to make better decisions than having to do a across the board cuts. host: back to immigration on twitter -- will
being we need more taxes. this whole cutback thing is bogus. after sequestration, the faa will have 5% more money than they did five years ago and will handle about 8% fewer flights. so these cutbacks, it's political. it's not functional. >> 5% more money than five years ago. 8% fewer flights. mike, listen, again, ant ek totally, i agree with you. but how would the faa or tsa or whoever it is execute that plan? they can't send out an e-mail, right, move more slowly than you normally do because that will get out into the hands of the media. how would you accomplish something like that? >> you lay people off or you do what homeland security did, you just cutback on overtime and the people, why do i have to work so hard? this whole thing is orchestrated by the administration. we don't have to lay these controls off, on the tsa side -- there's no waste at the tsa. we all know that. the reality of the whole thing is this is something to make it hard as possible. it's going to hurt commute percent? i have been to an airport recently where there are more tsa workers than they were people get
caused more issues. it may be the sequester or the payroll tax, and it is always something. first quarter strong. bond yields will go way up and then -- >> no m & a. i can't break the cycle. it's not my job. 18 straight months of re numbers in europe. there are car sales down 15, 16, our car sales 15 million, okay? their housing starts and did they start any housing there? are we not -- >> we are a different place. >> what about we've had some pretty crumby data. we've had an explosion in boston. we've had cyprus and the vix is still at 14. converge extries to argue that the market's on am bi18 and it can't feel what's going on in the world right now. >> i thought it was seroquil. there is the market that just says kimberly is going to report, and i think kimberly is going to be decent and its stock's at par and then there's caterpillar they made their bed with china. china has not been able to stimulate. 25% of china's exports go to europe. there's no room in europe unless china sets up the buy program of all of the things they make in china and then destroys them in the 1930s in our cou
%-from boston. the irs says boston taxpayers will be granted extensions on their tax returns. every little bit helps. that is my "2 cents more." a great night and we will see rebecca tomorrow evening. ♪ lou: lou: good evening and thank you for being with us. details tonight emerging about yesterday's horrific terrorist attack and the boston marathon. the two explosions on boils some street wounded 176 by standards. three people killed. martin richard lost his life in the explosion that also left his brother and sister critically wounded. waiting by the finish line to hug his father and to congratulate him for finishing a marathon. 29-year-old crystal campbell also killed in the attack after adding to the finish line to take a picture of a friend was completing the race. the third victim has now been identified as a graduate student from boston university, but her name has not been released pending notification of next of kin. seventeen other victims tonight remain in critical condition. some have lost limbs or arms, many have suffered severe injuries to their legs. doctors operate
, alienation and how to protect ourselves going forward. don't go away. is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> we are back with our expert panel. philip mudd in washington, i want to start with you and pick up what bret stevens was talking about. there seems to be a pattern here, which is if you look at the london bombings, they seem to resemble this one in this sense. second generation, first generation immigrant but clearly almost always muslim immigrants. something goes wrong in their assimilation and that is a trigger that puts them on the path to radicalization. when you were in the cia you must have been studying these london bombers, for example. do you think this is something to make 0 of that. >> a better example in terms of wha
: and we'll be back in just a minute. new , where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official
of this tragedy and the heroes right after this break. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com for those nights when it's more than a bad dream, be ready. for the times you need to double-check the temperature on the thermometer, be ready. for high fever, nothing works faster or lasts longer. be ready with children's motrin. plays a key role throughout our lives. one a day women's 50+ is a complete multivitamin designed for women's health concerns as we age. it has 7 antioxidants to support cell health. >>> the stories of the community coming together are helping boston and the rest of us deal with this tragedy. case in point, kevin cullen gotten e-mail from his nephew servi
legislators to support a tobacco tax increase. the county stated that this was its intent in its federal application. a new analysis of state government workers shows that 75 retired executives are working for the state. this despite the governor's order to remove all but the most critical retireys from the workforce. the retireys are earning between $45 to $75 an hour even as they're drawing their pensions. >> all three major bay area airports today say flights are running smoothly, the first day of the furloughs. there are what they call random delays on the east coast, but there was no way of telling if they were relate today staffing cut backs. air traffic controllers are set to be furloughed one day every other week. a legal challenge to the furloughs brought by pilots and an airline group is working its way through the courts. >>> it will be time to close the curtains for good after tonight's movie showings at an east bay movie house. >> reporter: ken, we're live in front of the theater tonight. we have been here for a few hours. those wanting to save the dome have collected signat
in america to make some kind of protest against the government. 15 is the day for filing taxes often a flash point that who don't like the reach of the federal government and coming up on the anniversary of bombing in city massacre and bine esterday was patriot's day anniversary of the war against the british. but aware waiting for -- we are for more information from the police in about 2 1/2 horse when they hold their first conference. bostonians are asking why this appened to their city and marathon. runners i have been talking to are so shocked that something pinnacle of their athletic achieve. a glorious day when they elebrate but on that day somebody could have come up with such a cruel scheme as to rob limbs, to kill and to maim. a comprehensive coverage of the boston marathon bombing website. bbc news you can keep up to date with the developing story as well as analysis by test bbc news journalists on the ground. with n watch videos eyewitness accounts and reaction from the f.b.i., police and, of that statement from president barack obama. s america reacts to the boston bombings go t
the last couple of months. >> there are good articles in the papers today about how the tax receipts were better than expected so far, and the money back out for your refund, much lower than expected and that could be a dollar issue. i know family dollar flagged that, and the ceo of pvh came on "mad money" and said, it was 20 degrees too cold so we had the -- all of the stores had the wrong merchandise and they had the so-called cruisewear. it was obviously a multi-factor issue and it was not just one thing that says target was bad. walmart was not bad and a very good note. costco, and i'm -- i thought that was interesting. surrounded by costco and walmart. you know those cultures are not weather cultures. >> yeah. ubs initiates with a buy on those two and a neutral on target, but someone pointed out the sales trend on target, jim, from the past four quarters has gone from 5-3, 2-9, .4 and now they're looking flat. >> they're not a jc penney beneficiary and walmart is not very renewed in its tenacious way to take on target and underneath the dollar generals. i know people don't associate
places in europe, it's contracting. and in the united states, we have a tax code that is not designed to incent investment, which produces jobs and gdp growth, and hopefully we'll change that soon. >> international priority shipping saw a decline in what you charge per package to ship. what does that tell you about the global economy outside of the u.s.? >> well, i think what people are doing with the price of fuel, and this goes to larry fink's remarks a few moments ago, about the prospects for mexico, as it costs more to move goods, off a the price of fuel, they make price service trade downs, so our economy shipping was growing quite nicely. we simply have to adjust capacity and got a little out of phase with that. but it's not by accident that, again, referencing what larry said a couple years ago, we bought a wonderful company in mexico, which is now a big part of the fedex portfolio, because we believe there's be a lot of near shoring and the nafta trades will be quite strong. >> yeah, i am loving this mexico story. you're investing in mexico as well, really interesting. fred, l
different extremist groups. there is a lot of public source information about demonstrations on taxes, on, on a number of other issues that are, hot button issues for extremist groups who don't like either what the government is doing or what the government represents. >> very interesting. >> so. >> tax day/patriots day. and history of domestic terrorism. . >> invasion on cuba happened on the 17th of april in 1961, bay of pigs. and wacco, all the branch davidians, started in february, april 19th. if you are a conspiracy theorist. here is one for you. >> something everybody has to check out. no doubt about it. part b medical expenses. of your the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of dollars in out-of-pocket costs. call today to request a free decision guide to help you better understand what medicare is all about. and which aarp medicare supplement plan works best for you. with t
. and of after that some of yesterday's senate debate on a bill that would allow states to collect sales taxes from online retailers. >>> several live events to tell you about today. the senate judiciary committee hears from homeland security secretary janet napolitano about immigration policy. that's on c-span at 9:30 a.m. eastern. on c-span3 at 10 eastern, the head of the consumer financial protection bureau, richard cordray, presents the bureau's semiannual report to the senate banking committee. also on c-span3 a senate judiciary subcommittee looks into constitutional and statutory authority for drone strikes and targeted killings. that's at 4 p.m. eastern. >>> one of the problems when the judges are appointing the public defenders is then the public defender's job is reliant on their approval. and judges are judged, um, on their efficiency often; how fast do they process cases, how quickly do they get through the docket? so they're going to want a public defender that goes along and gets along, that does their bidding. and that's a real challenge. and in new orleans for a long time, the s
for the industry in the fourth quarter due to tax law changes and just a seasonal spike. but b of a had better than peer loan growth. commercial loan growth was up 3.4% link to quarter. that includes international where they're taking share but u.s. loan growth was up in the quarter. loan growth at b of a certainly looks better than their megacap peers, at least this quarter. >> okay. anthony, thank you for your quick analysis this morning. thank you for calling in. i'm sure we'll talk to you again soon. >>> in the meantime, coming up, we've got a high profile bust at an art gallery involved celebrity poker international money laundering and racketeering. more on that story next. and still to come, david blitzer, the chairman of the index committee for s&p dow jones when we return. but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of c
doing the same thing. one guy, a young guy playing a lovely alto tax, walking up the street playing over the rainbow and great jazz standards. that was the attitude. the best way to give it, boston gives -- we gave the middle thinger to those guys whoever they are. we refuse to change. >> thank you both very much for joining me. >> thanks. >> coming next, love conquers hate. a couple married shortly after running the boston marathon. ♪ constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. since aflac is helping with his expenses while he can't work, he can focus on his recovery. he doesn't have to worry so much about his mortgage, groceries, or even gas bills. kick! kick... feel it! feel it! feel it! nice work! ♪ you got it! you got it! yes! aflac's gonna help take care of his expenses. and us...we're gonna get him back in fighting shape. ♪ [ male announcer ] see what's happening behind the scenes at duckther
the same thing. one guy, a young guy playing a lovely alto tax, walking up the street playing over the rainbow and great jazz standards. that was the attitude. the best way to give it, boston gives -- we gave the middle finger to those guys whoever they are. we refuse to change. >> thank you both very much for joining me. >> thanks. >> coming next, love conquers hate. a couple married shortly after running the boston marathon. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >>> the horror in boston changed lives and ended lives. in the face of evil, an extraordinary story of hope and love being told by kelly johnson jon u
and new york you see. if you are late to file your taxes and you are not a dollar short. reacting to today's tragedy in boston. alicia keys. next in the buzz bin. (woman) 3 days of walking to givive a breast cancer survir a lifetime-- that's definitely a fair trade. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful (woman) why walk 60 miles in the boldest breast cancer event in history? because your efforts help komen serve millions of women and men facing breast cancer every year. visit the3day.org to register or to request more information today. it was 3 days of pure joy. ♪ and it's beautiful >> hollywood also responding to the boston marathon bombings from yesterday with messageses of support. this is one from ben affleck. boston native of course. he tweeted out this messageessa saying such a senseless and and tragic day. my family and i send our love to our belove and resilient boston. mark wahlberg sent out this message. thoughts and prayers with my hometown boston today.ay. she's a grammy award winning singer ber her latest project isn't her new release. rel
she brought the tax rate from 83 to 40% and dealt with the labor problem as katty said and she made enormous progress. and, by the way, everyone who blames her for the crisis in 2008, you know, in between margaret thatcher and 2008 there were three or four british prime ministers and then now david cameron. none of them reversed the system. as someone said a minute ago, everybody bought into the system and i think -- so i think her legacy is incredibly positive. the last point i would make she had the right idea about europe and why britain should fit into europe. >> she was right about britain. all these years later it cost her her job but she was right about europe. >> we will be following the funeral service under way right now throughout the morning. martin bashir, thank you. we will see you at 3:00 eastern time on msnbc. >> thank you, martin. appreciate it. >>> coming up next, the gun background check bill is on shaky ground as it heads to a vote today in the senate. will it break down its chances of passing? next. you're watching "morning joe," brewed by starbucks. at tyco int
. >> investigators and taxes have not determined a cause of the explosion that killed 14 people including 10 first responders and a fertilizer plant in west texas. investigators say they pinpointed where the blast originated. the mpeg damaged or destroyed dozens of homes and businesses leaving hundreds of people homeless and in need of help. authorities have also released 91 tapes that captured the initial panic after the fire and massive blast. >> there was some type of explosion and our house, all of the windows are completely blocked and. the walls, part of it is blown off. >>, down and take a deep breath. we are aware of the situation and we are sending people out there as soon as we can. >> city leaders allowed some residents to return to their homes are the weekend but they still face strict curfews. fire officials will hold a memorial service at baylor university on thursday and honor of the volunteer firefighters who died. >> the boy scouts of america are proposing to partially lift its longtime ban on homosexuals. this proposal comes after weeks of private deliberation between the organiz
that relationship is good. they could now been on ice and suffers tax. we branch or resources to the problems and i've been really pleased that their attitude towards working with us and our attitude towards working with them. >> with regard to community banks that are not subject to the cfpb examination authority, what measures have you taken to ensure that sure roles are clearly interpreted? are there potential regulators doing their exams? does the cfpb continue the small entity compliance guides as has been done twice already? on the other mortgage rules. >> thank you, mr. chairman. i've got about three different answers to that question. on the small entity compliance guides, this is something we take seriously and we been told this over and over by small institutions in the trade associations that represent them like a cba and that means taking their rules, initially mentioned 2500 pages of rules issued in january. that's 2500 pages of taxpayers a lot of that is preamble, cost-benefit analysis. what a translator for several hundred pages of rules and the sir congress direct this to do. noneth
happened in waco. one more quick note about the timing. yesterday was tax day for everyone in this country but here in boston it was patriots day which commemorates the battles of lexington and concord, the start of the u.s. revolutionary war. big day not only for the country but boston. >> what was supposed to be a celebration turned out differently. let's go back to new york and savannah. >> matt on monday evening president obama spoke about this tragedy offering his thoughts and prayers to the city and vowing justice to those involved. i happened to sit down with him shortly before these explosions and we talked about a number of things in the headlines. we began with the gun legislation before congress that many say is now hanging by a thread. >> i think we've got a good chance of seeing it pass if members of congress are listening to the american people so let's just take the example of background checks. 90% of americans think that we should make it tougher for criminals or people with serious mental illnesses to obtain a gun, and so the notion that congress would defy the overwhelmi
price dropped 11 cents over the last two weeks. >>> the senate could allow states to tax internet purchases adding $11 billion to state coffers and wall street gets back to work after the dow's worst weekly decline since june. back to you. >> mary, thanks. >>> in great britain, the duchess of cambridge, kate middleton appeared in public on sunday with her pregnancy more evident than ever. she stood in for queen elizabeth at a review of scouts while the queen celebrated her 87th birthday in private. the duchess and prince william are expecting the first child this summer. for those who are on royal baby bump watch -- if you have been living under a rock, did you know. >> when you said her name i perked up and i wanted to see bump. >> she looks beautiful. >> certainly does. >> mr. roker has more on the midwest flooding an the local forecast. >> not a lot of good news for friends in the midwest and winter won't let go. we have a funnel system. behind it a lot of cold air and snow for the upper midwest and the plains. ahead of it, a lot of wet weather. we are looking from sheridan up
for his what information is relevant? what information is accurate? tax for things that can make or break our educational system -- creativity, relevance, technology, teachers. without funding, the educational system is worthless. lookhool systems have to at budgets and say what can make that? they will not cut math out of the curriculum. they will not cut reading. so they end up cutting the things we think of as extras -- music, art, physical education, resources that might be educational -- that might be essential to some kids think successful. >> this is chelsea and she is a special ed student. >> i have dyslexia. i go to a special at school. without it, i would be in trouble because they help me with my dyslexia. mr. president, if you cut the funds i want to be able to learn from early in my future will be in jeopardy. >> mr. president, every day there are millions of kids are struggling i need help, mr. president. >> dear mr. president, they need your help. policy education is a major issue in america and must be addressed. it is spinning out of control. the drive america's odense an
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